Ray White Commercial Sydney North as the exclusive selling agent are pleased to present 93 - 95 Military Road, Neutral Bay for sale by public auction.
Positioned on the intersection of Military Road and Ben Boyd Road, directly opposite the iconic Oaks Hotel with an expansive 33 metre* corner frontage, this commercial asset is a rare opportunity to purchase an outstanding freehold building at the gateway of Neutral Bay, sitting on 224 sqm* of land with future development upside (STCA).
The premises consist of a building area of 264 sqm* across 2 separate tenancies, with national telecommunications provider, Vodafone, occupying the retail premises and a long-established local solicitor on the first floor, both on short-term lease agreements. The property presents as an incredible opportunity for investors or developers who wish to maximise the potential of the site, given the existing under development. The property enjoys a generous MU1 Mixed Use Zoning with a 16-metre height limit and no FSR.
The property is ideally positioned in the centre of Neutral Bay Village, directly opposite the iconic Oaks Hotel and Big Bear Shopping Centre, and within walking distance to national retailers including Coles, Woolworths, Australia Post, Chemist Warehouse, Anytime Fitness, as well as specialty stores, niche retailers, financial institutions, professional services, medical specialists, bars, cafes and restaurants.
93 - 95 Military Road, Neutral Bay is surrounded by easy access to public transport which easily connects the property to Sydney CBD, Lower North Shore, Upper North Shore and Northern Beaches.
The property currently has a gross income of $132,611 per annum + GST*.
Property Highlights:
• Total building area of 264sqm* over two levels
• Site area of 224 sqm*
• 33m* of corner street frontage
• National telecommunications provider, Vodafone, occupying the retail premises
• Well-established local solicitor occupying the first floor premises
• Ideally positioned in the centre of Neutral Bay Village
• Situated directly opposite the iconic Oaks Hotel and Big Bear Shopping Village
• Easily connected to the Sydney CBD, Lower North Shore, Upper North Shore and Northern Beaches
• Gross Income of $132,611 per annum + GST*
*all figures are approximate
For further details or to arrange an inspection please contact:
Scott Stephens | 0434 341 001
scott.stephens@raywhite.com
Logan Grisaffe | 0403 916 433
logan.grisaffe@raywhite.com
